Q3 2026 Maan Aluminium Ltd Earnings Call Transcript
Key Points
- Maan Aluminium Ltd (BOM:532906) is undergoing a strategic transformation from a commodity extrusion model to a technology-driven, high value-added aluminum converter.
- The company has expanded its extrusion capacity from 10,000 MT to 24,000 MT, enhancing its capabilities in high-strength aluminum alloys and precision machining.
- EBITDA increased by 19% year on year to ₹25 crore, reflecting improved profitability due to a strategic shift towards higher value-added manufacturing.
- The company has a strong export presence, with manufacturing revenues historically driven by exports, and is diversifying into sectors like automotive, defense, aerospace, and solar.
- Maan Aluminium Ltd (BOM:532906) is investing aggressively in repositioning itself towards higher-margin application-specific products, with a planned cumulative CapEx of approximately ₹190 crores over the next three years.
- Revenue from operations in Q3 stood at ₹152 crore, reflecting a 16% year-on-year decline due to lower trading volumes and muted export demand.
- EBITDA margin for the quarter was approximately 5%, impacted by operating leverage and ongoing ramp-up costs at newly added facilities.
- The company faced challenges with a US order cancellation, impacting volumes by 450 MT and resulting in a revenue loss of approximately ₹5 crore to ₹6 crore.
- The company's trading revenue showed a decline of around 32% year on year in Q3, as it moves away from low-margin trading business.
- Capacity utilization during the quarter was low at 25%, with the company expecting gradual improvement over the next 12 to 18 months.
Ladies and gentlemen, good day and welcome to the Maan Aluminium Limited Q3 FY26 earnings conference call. This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectations of the company as the date of this call.
These statements are not the guarantees of future performance and involve risk and uncertainties that are difficult to predict. (Operator Instructions) I now hand the conference over to Mr. Jigar Jani, Nuvama Wealth. Thank you and over to you, Mr. Jigar.
Yeah, thanks Swapnali and thank you all for joining us today to discuss the Q3 FY26 earnings of Maan Aluminium Limited. We would like to thank the company for giving us the opportunity to host the call. On the call with us today, we have the management team of Maan Aluminium represented by Mr. Ravinder Nath Jain, Chairman and Managing Director; and Mr. Umesh Chandra Pant, Chief Financial Officer.
I would now like to hand over the call to the
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